Tondo Smart Ltd announced that it will raise 1,000,000 common shares at an issue price of ILS 5 per share for the gross proceeds of ILS 5,000,000 on May 9, 2023. The transaction will include participation from new investor L.P.M. -General Partnership for 100,000 shares, new individual investors Shlomo Mandelovich for 480,000 shares, Yossef Mandelovich for 100,000 shares,Rachel Simon for 100,000 shares,Moran Danin for 200,000 shares and Ran Katz for 20,000 shares. The transaction has been approved by the board of directors of the company.